This fully updated Packaged Facts report examines the $11.5 billion U.S. market for automotive aftermarket service specialists. You’ll find a thorough analysis of the size and structure of this complex market, as well as a discussion of new economic, technological and competitive developments in the broader automotive aftermarket and the effect on service specialists’ growth potential. Competitive profiles of major service providers such as Jiffy Lube, Midas, Meineke, and Precision Auto Care are included, and Simmons Market Research Bureau data forms the basis of an in-depth analysis of the service specialist consumer.
The service specialists covered in this report account for approximately 10 percent of sales in the larger service repair market—yet there is no single, authoritative source of information about the specialists’ sales and structure, or about the trends and competitive challenges unique to their segment of the market. This report offers “one-stop shopping” for information about the providers, their consumers, the competitive situation within the service specialist market and with other sectors of the larger service market; as well as about the providers’ sensitivity to developments in the parts market, in automotive technology, the economy, and government regulation of the automotive industry.
Scope And Methodology
Scope of Report
This Packaged Facts report focuses on automotive aftermarket service specialists—those service providers who offer specialized maintenance and repair services for general-use passenger vehicles. Packaged Facts breaks out automotive aftermarket service specialists into four segments: oil change/quick lube, transmission, undercar, and underhood. Other aftermarket service providers—such as service stations, auto parts retailers, car dealers, tire retailers, and mass merchandisers, as well as consumer “do-it-yourselfers”—are considered more generally within the context of this analysis, from the perspective of their competitive relationship with service specialists. Other types of automotive parts and service providers—such as auto body shops, paint specialists, high performance shops, car washes, windshield repair facilities, and providers of other cosmetic or optional services—are not covered by this report.
In compiling this report, Packaged Facts has considered data from a variety of sources, including the U.S. Department of Commerce; the U.S. Department of Transportation; and leading authoritative automotive aftermarket trade organizations, including the Automotive Aftermarket Industry Association and the Motor Equipment Manufacturers Association. We have also examined financial data on public companies, consulted with corporate spokespersons regarding privately held companies, and considered industry estimates and the opinions of leading experts in the field. Figures provided on national consumer advertising expenditures are based primarily on data (copyright 2001) compiled by CMR, a Taylor Nelson Sofres company and the nation’s largest advertising tracking service, while the analysis of consumer demographics derives from Simmons Market Research Bureau survey data for fall 2001, which is based on a sample of 21,452 adults.
Increase in Number of Vehicles Drives Aftermarket Service Sales to $123 Billion
New York, September 26/PRNewswire - With well over 200 million passenger cars, vans, pick-up trucks and sport utility vehicles out on the roads in the United States, demand for automotive aftermarket services such as oil and transmission maintenance has grown steadily in recent years. According to The U.S. Market for Automotive Aftermarket Service Specialists, a newly published Packaged Facts report available at MarketResearch.com, the number of cars in the U.S. has grown by about one million vehicles per year and the service sectors have seen a corollary expansion.
"The fact that we now have a larger vehicle fleet than ever before has combined with the growing number of older vehicles and increasing federal and state regulations to create a very healthy market for service specialists," said Don Montuori, Acquisition Editor for Packaged Facts. "We predict that the annual growth rate for the market will be at about 4% for the next five years."
The total aftermarket industry had estimated sales of $179 billion in 2001, according to the report and the Automotive Aftermarket Industry Association (AAIA). Of these sales, service repair constituted 69% of all aftermarket expenditures, making it the largest category within the industry. As technology renders automotive products more complicated the percentage of Americans who turn their car over to a professional for repairs and maintenance has grown significantly, resulting in over $123 billion in service sales in 2001 (AAIA figures).
The U.S. Automotive Aftermarket Products Market provides detailed information about consumer demographics, as well as distribution and marketing trends, product development, and emerging promotional campaigns. The report also includes historical sales data, as well as market projections through the year 2006.
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